Florida housing market inventory spikes 1,000%. 'It's worse than 2008'.

A repeat of 2008 is hitting housing markets across Florida right now, with a massive spike in homes for sale and inventory which is putting excess supply on the market.

The result is that home builders and investors across Florida - particularly in markets like Cape Coral, Sarasota, and Tampa - are beginning to slash home prices. By as much as 30-35% on certain listings.

The result is that Florida's Housing Market has entered a big downturn.
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[ReventureConsulting]

They said it wouldn't happen this time.

But it's happening. Florida is getting smashed right now by a surge in listings on par with the mid-2000s in certain cities.

Cape Coral, Sarasota, and Lakeland going down first. Make sure to track the inventory trends in your market.

How much have listings gone up over the last year?

Check your ZIP at: www.reventure.app

[alexsteven.m]

From my analysis, people overpaid for homes even while loan rates were low, I believe there will be a housing catastrophe because these people are in debt. If housing costs continue to drop and, for whatever reason, they can no longer afford the property and it goes into foreclosure, they have no equity since, even if they try to sell, they will not make any money. I believe that many individuals will experience this, especially given the impending mass layoffs and rapidly rising living expenses.

[Beatricegove]

I’m in Ohio and the housing market here over the last 7-8 years is unlike anything I’ve ever seen. Homes that were bought for $130K in 2015 are now being sold for $590k. I’m talking about tiny, disgusting, poorly built 950 square foot shit boxes in quiet mediocre neighbourhoods. Then you’ve got Better, average sized homes in nicer neighbourhoods that were $300K+ 10 years ago selling for $750k+ now. Wild times.

[shellylofgren]

Because so many people overpaid for homes even while loan rates were low, I believe there will be a housing catastrophe because these people are in debt. If housing costs continue to drop and, for whatever reason, they can no longer afford the property and it goes into foreclosure, they have no equity since, even if they try to sell, they will not make any money. I believe that many individuals will experience this, especially given the impending mass layoffs and rapidly rising living expenses.

[austinbar]

In the USA, individuals living in cars due to partial homelessness result from a complex interplay of factors. High housing costs relative to income, stagnant wages, and income inequality drive this issue. Job loss, weak social support, medical expenses, evictions, and lack of affordable housing also contribute, while systemic problems and inadequate policies further perpetuate the phenomenon.

[HugoBergmann-lund]

In the early 1990s, when I bought my first home in Miami, first mortgages often came with rates of 8 to 9% and 9% to 10%, which was quite common. It's important to consider that we may never return to 3% rates. If sellers are compelled to sell, home prices may need to decrease, leading to lower valuations. I believe many others share this line of thinking.

[TheJackCain-]

Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.

[RaymondcrawRaymondCrawley]

fear a housing crash due to people buying homes above asking prices with little equity. If prices drop, affordability and potential foreclosures may arise, worsened by future layoffs and rising living costs. I want to invest more than $300k, but I'm not sure on how to mitigate risk.

[e]

The thing that sellers (houses or cars or anything else) need to understand is;
"Just because you paid too much doesn't mean that a potential buyer has the responsibility to bail you out!"

[JLM]

I love that you're essentially the "True Detective" of real estate and markets. Traveling around connecting the dots for everyone. Always, great video!

[jsch]

What a dreary-looking neighborhood! Flat as a pancake, treeless, no sidewalks, no apparent amenities. Why on earth would anyone pay even half a million, let alone a million, to live there?

[adamweah]

The number of people mortgaged their house to buy an investment home are going to get wrecked. Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does

[tristanstrother]

“Why’s this mf standing outside my house recording my shit”

- some Florida homeowner

[sourcematerial]

Was waiting for Michael Bordenaro to be walking by filming at the same time. You guys just running into each other filming and then deciding to do an episode together would be fun!

[KurtDobson]

Certainly. Exchange-Traded Funds (ETFs) are popular for long-term investments due to their diversified nature. ETFs offer exposure to a wide range of assets, such as stocks, bonds, or commodities, which can help reduce risk. Some top choices for long-term investing include broad market index ETFs, sector-specific ETFs, and bond ETFs, as they provide potential for growth and income over an extended period while minimizing the risk associated with individual stocks.

[guiwill]

Two weeks ago we went to see a home here in SW cape, seller wanted $1, 425, 000. Appraisal came at $900, 000, ... in essence he wanted $525, 000 over appraisal. Thanks for your video, its very accurate.

[sbkpilot]

"The four most dangerous words in investing are 'This time is different'" - John Templeton

[perkinatorfpv]

News flash, we don't want to buy your used house at 2x - 3x the cost you paid for it brand new. And also just in time to need a new roof! Eff the greed

[AnitKumar-ddns]

I am grateful that I am favored £43, 500 weekly, I also use some part to give the poor as well. God bless sandrina ❤

[Murkee]

It doesn’t mean much when you been calling the crash for years now and it still goes up